Press Release
Signature Bank Statement Update for Customers
March 13, 2023
T12 Titans, Chief Technical Strategist
As you are aware, the FDIC recently enforced two bank closures. To strengthen public confidence in the U.S. banking system, the FDIC took the additional step of covering all of the uninsured depositors at those banks. One of those closures occurred yesterday with a bank that has a name similar to ours – Signature Bank New York. We want to assure our clients, prospects, and partners that Signature Bank Chicago is not affiliated with this bank in any way and that Signature Bank Chicago is well capitalized and positioned for success, coming off of a record year in 2022.
Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (Member FINRA/ SIPC).Insurance products are offered through LPL Financial or its licensed affiliates. Signature Bank and Signature ChicagoWealth Management are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Signature Chicago Wealth Management, and may also be employees of Signature Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Signature Bank or Signature Chicago Wealth Management. Securities and insurance offered through LPL or its affiliates are:
Not Insured by FDIC or Any Other Government Agency
Not Bank Guaranteed
Not Bank Deposits of Obligation
May Lose Value
Your Bank (“Financial Institution”) provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for advisory services.
Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html
The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states:
CA, CT,CO, FL, HI, IL, IN, KY, LA, ME, MI, NV, NY, RI, TX, WA, WI.
LPL Financial Form CRS
